Question: Problem 5-35 Algo (The Binomial Distribution) eBook Suppose that 53% of all people prefer Coke to Pepsi. We randomly choose 500 people and ask them

Problem 5-35 Algo (The Binomial Distribution) eBook Suppose that 53% of

Problem 5-35 Algo (The Binomial Distribution) eBook Suppose that 53% of all people prefer Coke to Pepsi. We randomly choose 500 people and ask them if they prefer Coke to Pepsi. What is the probability that our survey will (erroneously) indicate that Pepsi is preferred by more people than Coke? Round your answer to three decimal places, if necessary. 0.00 Does this probability increase or decrease as we take larger and larger samples? Why? This probability decreases V because estimates of the true proportion become |more accurate as the sample size increases. Hide Feedback Partially Correct Check My Work Feedback Click here for a video walkthrough of a similar

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